#OXT OXT coin is the Token of the Orchid platform, also known as the Orchid protocol. Here are some of the main features and uses of OXT coin:

• VPN service of Decentralization: OXT coin is the native Token of the Orchid network, which is a blockchain-based Decentralization virtual private network (VPN) service designed to provide users with a secure and private internet experience.
• Payment tool: Users need to use OXT coins to pay for the traffic fees consumed by using Orchid VPN services. Users can create a virtual Wallet through the Orchid application and deposit a certain amount of OXT coins into it, then pay the corresponding fees based on actual usage.
• Incentive Mechanism: VPN providers need to use OXT coins to participate in the Orchid network and receive corresponding income. They need to lock a certain amount of OXT coins in the Smart Contract as collateral for providing services. The more OXT coins are locked, the higher the priority and credibility they can obtain, thereby attracting more users to choose their services.
• Governance: OXT coin also plays a role in governance in the Orchid network, although the specific governance details are not detailed in the search results.
• issuance and distribution: OXT coins are ERC-20 standard tokens based on the ETH platform, with a total issuance of 1 billion. 60% of which is used for initial token sales, 20% for the development and operation of Orchid Labs company, 10% for team and advisor incentives, and 10% for foundation reserves.
• Privacy protection: Orchid protocol uses multiple Nodes and encryption technology to protect user privacy. OXT coins serve as a means of payment, ensuring user privacy and security when using VPN services.
• Incentive Mechanism: OXT holders can earn additional rewards by providing node services. This incentive mechanism encourages more people to participate in the Orchid network, increasing network availability and security.
• Application Scenarios: OXT coins are mainly used for paying VPN service fees, anonymous internet access, and as part of the reward mechanism.
The design goal of OXT coin is to provide a Decentralization, private, and secure internet connectivity solution that overcomes the limitations of internet freedom and protects user privacy and Anonymity through blockchain technology and Cryptocurrency payments.